At what enterprise value was LGC GROUP acquired in 2020?

During the acquisition of LGC GROUP by CINVEN / ASTORG in 2020, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of LGC GROUP when it was acquired by CINVEN / ASTORG?

The estimated EV/EBITDA multiple for LGC GROUP is in the range of 15x - 25x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was LGC GROUP acquired by CINVEN / ASTORG?

LGC GROUP was acquired by CINVEN / ASTORG in 2020.

What was the revenue of LGC GROUP at the time of the deal?

The revenue of LGC GROUP at the time of the deal is estimated to be in the range of 250M - 500M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of LGC GROUP during the acquisition?

LGC GROUP's EBITDA is estimated to be in the range of 100M - 200M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the LGC GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the LGC GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.lgcgroup.com/news/kkr-agrees-sale-of-lgc-to-cinven-and-astorg/

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Home Database Business ServicesLGC GROUP

04/2020

LGC GROUP acquired by CINVEN & ASTORG

UNITED KINGDOM Industrial Services / TIC (Testing, Inspection, Certification) EV 3b - 100b GBP

Context

A consortium led by Cinven and Astorg has acquired LGC Group from KKR. The transaction, which represents the first investment for Cinven's seventh fund. KKR, which acquired LGC in 2015 from Bridgepoint, reportedly achieved a 3x return on its investment following 15 bolt-on acquisitions and accelerated organic growth. The strategic rationale for the deal is to capitalize on LGC’s leading positions in the diversified and fast-growing genomics and quality assurance sectors. The new owners intend to back the existing management team, led by CEO Tim Robinson, to further expand LGC’s global presence, particularly in the US and Asia, and to pursue significant future development opportunities through complementary acquisitions. The deal was supported by a substantial new capital structure, including senior secured term loans and a 500 million GBP PIK (Payment-in-Kind) facility.

In the past, the company had already been the subject of several LBOs, notably led by Bridgepoint in 2010 and Kkr in 2015. These multiple LBO cycles illustrate the strong appeal for this type of asset.

LGC GROUP, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

LGC Group is a global leader in the Life Science Tools sector, providing critical measurement tools, specialty genomics reagents, and supply chain assurance standards. Established in 1842, the organization serves over 50,000 laboratories worldwide across human healthcare, agri-food, and environmental markets. Its portfolio includes proficiency testing schemes and analytical science capabilities essential for public safety and product regulation. The entity operates a global network across 22 countries and employs more than 3,200 people, including internationally recognized scientific experts. Under its mission "Science for a Safer World," the group enables organizations to develop and commercialize new products while advancing research in genomics and quality assurance.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
12/2015	KKR	LGC GROUP	UNITED KINGDOM	Industrial Services	KKR has signed a definitive agreement to acquire LGC Group from the private equity firm Bridgepoint. This secondary LBO marks a transition for LGC following its ownership by Bridgepoint, which acquired the company in 2010
02/2010	BRIDGEPOINT	LGC GROUP	UNITED KINGDOM	Industrial Services	The acquisition of LGC by Bridgepoint marks a highly strategic external growth operation, driven by the private equity firm's investment thesis of supporting companies with strong service-based reputations in fragmented but growing markets

REFERENCES

Valuation range: EV 3b - 100b GBP

Revenue range: 250M - 500M GBP

EBITDA range: 100M - 200M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LGC GROUP by CINVEN / ASTORG are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: cinven / astorg